EnterShortStop Problem

[ali321]

Hi

has anyone an idea, why this EnterShortStop will never be executed ?
When I just used the EnterShort it works.

if (
Close[3] > Open[3] // pos
&& Close[2] > Open[2] // pos
&& Close[1] > Open[1] // pos
&& Close[0] < Open[0] // neg
&& Close[3] < Close[2]
&& Close[2] < Close[1]
&& Open[1] > Close[0]
)
{
// EnterShort();
EnterShortStop(DefaultQuantity, Close[0], "");
}


It's a simple simulation for a retracement after a rally.

thanks Ali

[NinjaTrader_JoshP]

You cannot place a stop order at market. You need to place that order above market for shorts.

[ali321]

You cannot place a stop order at market. You need to place that order above market for shorts.

Sorry, can you give me an example ?

I saw the following message in the log:

A SellShort stop order placed at '10.02.2009 00:00:00' has been ignored since the stop price is greater than or equal to close price of the current bar. This is an invalid order and subsequent orders may also be ignored. Please fix your strategy.

[ali321]

You cannot place a stop order at market. You need to place that order above market for shorts.

OK, I'm not shure that I understand it, but this code works:

EnterShortStop(DefaultQuantity, (Close[0]-(Close[0]*0.001)), "");

[NinjaTrader_JoshP]

ali321,

You cannot place a stop order at the same price of the current market. You need to be above or below the current traded price depending on the direction of the order. This is required by the exchange.